London: After the US, the UK government too is being accused of spying and intercepting phone calls. A report in The Guardian claims that the UK government may have spied on G20 delegates at a 2009 summit that was held in London.
The Guardian quotes from revelations of American whistleblower Edward Snowden. It says computers of delegates were monitored and their phone calls were intercepted on instructions of the British government.
Prime Minister Manmohan Singh was among the world leaders at the event. The Ministry of External Affairs, however, refused to respond to the report. Meanwhile, a leaked report claims that American spies based in the UK intercepted the top secret communications of the then Russian president, Dmitry Medvedev.
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01:28 PM, Jun 17, 2013
The Reserve Bank on Monday said there is a limited scope for easing of monetary policy over the next few months as there is a risk of inflation escalation as well as concerns over fiscal and current account deficits. "There is room for monetary easing over the next few months, but that room is limited because of the outlook for inflation and outlook for growth," RBI Governor D Subbarao told...
07:10 PM, Feb 18, 2013
Disappointing news about Germany's economy sent world stock markets down on February 15 as investors turned their attention to a major economic conference this weekend. Britain's FTSE 100 fell 0.2 per cent to 6,318.14. Germany's DAX lost 0.3 per cent to 7,607.49 and France's CAC-40 shed less than 0.1 per cent to 3,668.30. ...
03:00 PM, Feb 15, 2013
New Delhi: As government prepares to unveil some measures to revive the economy, Prime Minister Manmohan Singh says India cannot expect "outside help" on a scale which can see the country through its difficulties. "We have to raise our economy through our own good steps," Singh told reporters accompanying him on board his special aircraft late last night while returning home after a eight-day foreign tour. Fresh from attending the...
03:54 AM, Jun 25, 2012
New Delhi: India is set to become the eighth largest shareholder in the IMF after quota reforms which are likely to be finalised at the multilateral agency's Annual Meeting at Tokyo in October. Once the quota reforms are carried out, India's share at IMF is set to rise to 2.75 per cent from 2.44 per cent, making it the eighth largest shareholder in the multilateral agency from its present 11th...
10:54 AM, Jun 24, 2012
On board PM's special aircraft: Prime Minister Manmohan Singh on Saturday said his government will work its way to restore the momentum of growth in the wake of the economic slowdown and sought cooperation from all political parties, whether it is Trinamool or others. Asserting there is no stagflation, Singh said he was still confident that the growth rate of the economy will improve to about seven per cent per...
11:03 PM, Jun 23, 2012
US President Barack Obama said that the European leaders were aware of the gravity of the situation and were committed to addressing it. ...
08:44 AM, Jun 20, 2012
European leaders rejected the pressure to deliver quick new measures to fight their debt crisis, even as the G20 said the focus should be on growth more than austerity. ...
08:06 AM, Jun 20, 2012
Los Cabos: In a big success for India, the G20 countries on Wednesday agreed to give priority to investment in infrastructure in developing countries as a way to stimulate global growth which has been stunted due to the faltering world economy and the Eurozone crisis. "We will intensify our efforts to create a more conducive environment for development, including supporting infrastructure investment," said a 14-page declaration released at the end...
07:08 AM, Jun 20, 2012
Los Cabos: India may not be called upon to inject USD 10 billion (Rs 55,000 crore) into the IMF bailout fund to help the debt-wracked Eurozone tide over its financial crisis after it announced its contribution if the global economic situation gets better, an official said on Tuesday. R Gopalan, Secretary in the Department of Economic Affairs, said that the $10 billion dollar contribution announced by Prime Minister Manmohan Singh...
04:18 AM, Jun 20, 2012
Mumbai: A day after keeping key policy rates unchanged, Reserve Bank on Tuesday said the government should cut "unproductive" expenditure to lower fiscal deficit and not by resorting to high taxes. Speaking at an event organised by Indian Merchants Chamber on Tuesday evening, RBI Governor D Subbarao said a mere adherence to meeting the fiscal deficit target of 5.1 per cent will not be sufficient. "Will the government be able...
02:00 AM, Jun 20, 2012
Varanasi: BJP leader Murli Manohar Joshi on Tuesday said that Prime Minister Manmohan Singh has not clearly spelt out if the measures discussed at the G20 summit in Mexico to reform the turmoil-hit global economy can be implemented in India. "The world economy is going through a bad phase and the G-20 summit in Los Cabos is centered around it. However, Prime Minister Manmohan Singh's stand is not clear on...
12:48 AM, Jun 20, 2012
Los Cabos: India and four other countries of the five-nation BRICS bloc on Tuesday gave a big boost to IMF's $ 430 billion bailout fund for the debt-wracked 17 nation Eurozone pledging to contribute $ 75 billion with New Delhi's contribution being $ 10 billion. The pledge was made at an informal meeting of BRICS Leaders presided by Prime Minister Manmohan Singh ahead of the opening of the seventh G20...
11:32 AM, Jun 19, 2012
Los Cabos: As the initial euphoria about Greece elections died down, the economic crisis took centre-stage. Prime Minister Manmohan Singh addressed some critical issues relating to the slowdown in India's economy in his address during the Plenary Session of the seventh Summit of the Group of 20 developed and developing countries. "Like other countries, we too allowed the fiscal deficit to expand after 2008 to impart a stimulus. We are...
07:36 AM, Jun 19, 2012
Las Cabos: "Aap ka swagat hai" (You are welcome), read a giant billboard en route Prime Minister Manmohan Singh's convoy from the San Jose del Cabo International Airport to his resort hotel as he arrived in Mexico half way around the world from India for the G20 Summit Sunday evening. In fact, Manmohan Singh is among the first leaders his host and Mexican President Felipe Calderon had scheduled for a...
01:21 PM, Jun 18, 2012
Los Cabos: India's economic woes have not gone out of hand in the wake of the slip in the GDP growth -- the lowest in nearly 9 years -- but there could be trouble if the Eurozone crisis is not quickly contained and financial stability in Europe restored, a top Indian official said on Monday. Ahead of the G20 Summit of developed and developing countries being attended by Prime Minister...
09:43 AM, Jun 18, 2012
Washington: US President Barack Obama will press European leaders this week to resolve their debt crisis but the United States does not expect much progress before the end of the month, a White House adviser said on Sunday. Obama will participate in a two-day summit of Group of 20 leaders that starts in Mexico on Monday. He has called on European leaders to recapitalise weak banks and to focus on...
09:09 AM, Jun 18, 2012
Los Cabos: The possibility of a meeeting between US President Barack Obama and Prime Minister Manmohan Singh during the G20 Summit in Los Cabos is not being ruled out, days after the two leaders agreed to work together to address the faltering global economy and the painful Eurozone crisis. Singh, who will be participating at the seventh Summit of the Group of 20 developed and developing countries (G20), has an...
08:51 AM, Jun 18, 2012
Meanwhile, Prime Minister Manmohan Singh, who is in Mexico to attend the G20 Summit, said that it was up to Group of 20 to bring the world out of the financial mess. ...
08:40 AM, Jun 18, 2012
Los Cabos: Finger-length and emerald-green, the lawns of time-share condos and all-inclusive resorts seem to gleam in the bright sun as the surf rolls gently against the white-sand beaches of Los Cabos. Sometimes the only noise is the ruffling of palm fronds in the languid ocean breeze. It's an idyllic place to thrash out the terrifyingly uncertain fate of Europe and the global economy. Leaders of the world's largest economies...
08:29 AM, Jun 18, 2012
